Citadel Drops Out of Bidding for E*Trade Unit

Citadel LLC isn't bidding for a trading operation owned by E*Trade Financial Corp., according to people close to the talks.

Citadel, the Chicago-based hedge fund operator and trading giant, had been among the potential buyers for the E*Trade unit, called G1 Execution Services or G1X. E*Trade announced in July that it planned to sell GX1.